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John Lothian Newsletter: JPMorgan illegally let Lehman count customers’ funds as its own: CFTC; Fed’s Lacker Says Volcker Rule May Be ‘Impossible’ to Implement; Deutsche Börse closes First Quotation Board at end of year

The CFTC says that JPMorgan Chase allowed Lehman Brothers to consider customer funds as its own, so that LB could borrow more prior to its 2008 collapse.  The Richmond Fed's Jeffrey Lacker says that the Volcker Rule may not be possible to put into practical practice....

Tony McCormick to be named CEO of Boston Options Exchange

The John Lothian Newsletter has learned that Anthony ("Tony") McCormick, formerly an executive with Charles Schwab and a CBOE board member, will be shortly be named CEO of the Boston Options Exchange. McCormick will begin work at BOX, as the exchange is known, on...

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Regional Resiliency: COVID endangers Chicago’s global status

Regional Resiliency: COVID endangers Chicago’s global status

First Read $9,141/$300,000 (3%) Diane Saucier ++++ Peter Wind, Longtime Industry Colleague and Mentor, Passes Away By John J. Lothian It is with a heavy heart I report that former Cargill Investor Services (CIS) executive Peter Wind has passed away at the age of 70....

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